Author: Matthew Hrones

CriptoHub Launching Brazilian Cryptocurrency and Financial Exchange

One of the biggest problems facing new investors is the hurdles they’ll need to jump through to simply sign up for an exchange and deposit money. CriptoHub offers loads of coin options, unique payment processing services, and more. The Untapped Brazilian Market Late last year, Bitcoin was making headlines all over the world as it soared higher than anyone had thought possible. Tens of thousands of people from around the world flocked to exchanges to get in on the ground floor of what many people in the community are calling the next big thing. Along with the swaths of...

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Samsung Brings Competition to Bitmain’s ASIC Monopoly

The Korean tech giant has been making big waves in the crypto scene by confirming that they’ve already started manufacturing cryptocurrency mining chips, according to a Samsung spokesperson. Cutting-Edge Fabrication Samsung has products in loads of technology sectors, and it’s no surprise they’d eventually get into the Bitcoin game. A company spokesperson told Techcrunch that Samsung is “currently engaged in the manufacturing of cryptocurrency mining chips.” They’ve already gotten a taste for cryptocurrency mining as they also produce memory chips for GPUs, which have seen a huge spike in price ever since altcoin mining became popular back in summer 2017. These chips look to supply ASIC manufacturers that produce consumer-ready hardware to sell to the public. Bitcoin’s ASIC Centralization The current Bitcoin ASIC landscape looks bleak, however. Bitmain, an ASIC manufacturer, has a near monopoly in the space now. They’ve been able to produce the most efficient miners in an industry where profit margins are already razor thin. However, a better product can quickly outmatch competitors. Bitmain works with TSMC, a Taiwanese chip manufacturing company. Samsung will be a direct competitor with TSMC, but this new-found competition could spawn new hardware manufacturers and may even prompt Samsung to build full ASICs themselves. Bitmain themselves have been in the headlines a lot recently as they announced they had built ASICs for Ethereum and Monero, coins previously thought to be ASIC-resistant....

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Vitalik Buterin Comments on Bitcoin vs Bitcoin Cash Debate

The 24 year old developer live-tweeted about a debate between Samson Mow and Roger Ver on Bitcoin and Bitcoin Cash. He also shared some of his own thoughts on BTC vs BCH, scaling, and the development of the two networks. Live-Tweeting the Debate Currently, the Deconomy conference is happening in South Korea, hosting speakers such as Vitalik Buterin, CEO of Bitcoin.com Roger Ver, Craig S Wright, CSO of BlockStream Samson Mow, and author of the Lightning Network whitepaper Joseph Poon. The stage welcomed Jeff Paik, Roger Ver, and Samson Mow, the latter two being very prominent and polarizing figures...

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NVIDIA Ramping up GPU Production to Meet Demand

NVIDIA’s miners have been in low supply as of late as cryptocurrency mining operations are snatching up any GPU they can find. NVIDIA has stated their intent to meet the current market demand. Millions of GPUs Sold to Miners When Bitcoin was first released, it was possible for anyone to mine on the network and make a bit of a profit. But once ASICs hit the scene, that dream was over. ASICs are hundreds of times more efficient at performing the calculations needed for mining. Some altcoins tout ASIC resistance as a key feature, meaning that people can mine...

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Exenium Exchange Looks to Disrupt Digital Asset Trading Market

With dozens of stories coming out in recent weeks about exchanges getting hacked or losing user funds, many are looking for another place to trade their coins. Exenium is offering the most secure and intuitive cryptocurrency trading experience in the space. Big Exchanges Taking Flak from the Community The growing mainstream interest in cryptocurrency over the past few months brought millions of new users into the space, with most signing up on just a few of the available exchanges. Faced with record new user registrations and unprecedented trade volume, many exchanges were forced to halt trading to recover from...

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Federal Trade Commission Files Lawsuit, Targets ‘Deceptive Cryptocurrency Schemes’

The FTC has filed a lawsuit against two companies that have reportedly defrauded somewhere around 30,000 people worldwide, affirming their intent to disallow major cryptocurrency scam projects. Cracking Down on Crypto Scams The FTC’s primary focus is to protect consumers and enforce the legal framework that creates a competitive market, and they’re starting to take notice of the cryptocurrency space. There have been many questionable projects and quite a few outright scams. Some have promised absurd returns, but the revenue structure relies on users to recruit more users into the platform, and those users recruit more users. According to The...

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DADI ICO Investors Become Targets of Phishing Scams Amid Reports of Data Leak

Matthew Hrones · March 14, 2018 · 1:30 pm In January of this year, DADI launched an ICO that required investors to undergo KYC (Know Your Customer) verification in order participate in the token sale. Investors were asked to provide personal information (full name, address, DOB, etc…) as well as upload a copy of their photo ID. According to recent reports, nearly all that personal data has been leaked and is now been used by scammers to try and steal people’s coins. Users Voicing Complaints Censored Over the past few days, DADI token sale investors have taken to Reddit, Telegram,...

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Moonlite.Io to Launch Completely Renewable Cryptocurrency Mining Operation

Bitcoin mining has grown exponentially, and this has huge energy implications for the world. For mining to be sustainable into the future, renewable methods must be developed and used. The Time to Mine Crypto Has Passed for Many For many entering the cryptocurrency space, they come across the phrase “Bitcoin mining” and are immediately intrigued. Mining comes with the connotation of getting rich quick, striking a fortune, or getting lucky and earning a life-changing amount of money. Unfortunately, it is normally completely uneconomical for average joes to start up a crypto-currency mining operation. On top of the massive initial...

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Robinhood App Goes Live with Cryptocurrency Trading

The popular stock market trading app announced cryptocurrency trading would be here in the coming weeks, and that day is finally here for the 1 million people who’ve signed up for the beta. Streamlining the Process of Buying In Robinhood is extremely popular with teenagers and young adults because it offers a completely fee-free way to invest in the stock market.  This can be very attractive to younger people as they don’t have to deal with the complications that come with investing with a traditional stock brokerage and lets them invest in any amounts. It can also give people...

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This European Royal Family is Looking to Invest in Bitcoin

The Crown Prince of Liechtenstein, a tiny country in central Europe, has expressed interest in investing in alternate asset classes, specifically Bitcoin. Crown Prince Eyes King of Crypto Nestled between Switzerland and Austria, Liechtenstein is a German-speaking micro-state headed by the Price of Liechtenstein, but most of the actual power is held by his son Crown Prince Alois. During the aftermath of the World War II, the once great family was forced to sell their stunning art collection to stay afloat. Now, with their finances in check and the collection well into the process of being rebuilt, the family...

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